Tag: Indian Economy & Related Issues

In News Recently, the regulator Securities and Exchange Board of India (Sebi) allowed alternative investment funds (AIFs) to participate in the Credit Default Swaps (CDS) market. New Norms For Buying: Under the new norm, Category-I and Category-II AIFs can buy CDS on underlying investment in debt securities only for the purpose of hedging. Category-III AIFs […]

In News A sharp 61.2% sequential rise in capital spending by the Central and State governments lifted fresh investment plans announced in the third quarter (Q3) of 2022-23 to ?7.1 lakh crore. About Capital expenditure It is the money spent by the government or Company on the development of machinery, equipment, building, health facilities, education, […]

In News India’s imports from China reached record high in 2022, and the trade deficit surged beyond $100 billion. Key Points India’s import from China:  India’s imports accounting for $118.5 billion, up from $97.5 billion Indian imports of Chinese goods were up by more than 21% last year. India’s export to China:  India’s exports to […]

In News The Kerala Tourism department is likely to highlight Beypore ‘Uru’ in the detailed project report (DPR) to be submitted to the Centre for the Swadesh Darshan project. About  Beypore was reportedly included in the project considering its historic importance as a port town, its global fame for the Uru and the beautiful seashore, […]

In News The World Bank in its latest “Global Economic Prospects” stated that India’s growth is slowing to 6.6% in FY24. More about the news Forecasts for India: Slowdown: India’s economic growth will slow to 6.6% in the next fiscal year from an expected 6.9% in the current year according to the World Bank. It […]

In News Recently, the Union Government has earmarked ?2,600 crore as incentive for banks to promote digital payments. About The outlay has been made to promote payments using RuPay cards and the Unified Payments Interface (UPI).  There were various complaints from the Reserve Bank of India (RBI) and banks as they were worried about the […]

In News The RBI launched a limited test of the retail digital rupee for specific use cases on November 1, 2022. Key Points The pilot Project covers select locations in a closed user group (CUG) comprising about 15,000 customers and merchants across the country.  Image Courtesy: IE  The pilot will later be extended to Ahmedabad, […]

In News According to recent data, the Centre’s ambitious National Monetisation Pipeline (NMP) may miss the goal in FY23 by a wide margin. More about the news About the shortfall: After achieving the target for the first year rather comfortably, the Centre’s National Monetisation Pipeline (NMP) may miss the goal as railways, telecom and petroleum […]